| Library / English Dictionary |
AMORTIZATION
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
Payment of an obligation in a series of installments or transfers
Synonyms:
amortisation; amortization
Classified under:
Nouns denoting acts or actions
Hypernyms ("amortization" is a kind of...):
defrayal; defrayment; payment (the act of paying money)
Derivation:
amortize (liquidate gradually)
Sense 2
Meaning:
The reduction of the value of an asset by prorating its cost over a period of years
Synonyms:
amortisation; amortization
Classified under:
Nouns denoting acts or actions
Hypernyms ("amortization" is a kind of...):
decrease; diminution; reduction; step-down (the act of decreasing or reducing something)
